Skandinaviska Enskilda Banken AB publ Sells 100 Shares of Winmark Corporation (NASDAQ:WINA)

Skandinaviska Enskilda Banken AB publ cut its position in Winmark Corporation (NASDAQ:WINA) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the specialty retailer’s stock after selling 100 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.14% of Winmark worth $1,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Neuberger Berman Group LLC boosted its position in Winmark by 2.0% during the fourth quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer’s stock worth $131,000,000 after purchasing an additional 6,521 shares during the period. Vanguard Group Inc. boosted its position in Winmark by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 168,952 shares of the specialty retailer’s stock worth $66,410,000 after purchasing an additional 1,389 shares during the period. Nine Ten Capital Management LLC boosted its position in Winmark by 5.5% during the fourth quarter. Nine Ten Capital Management LLC now owns 83,900 shares of the specialty retailer’s stock worth $32,979,000 after purchasing an additional 4,400 shares during the period. Geode Capital Management LLC boosted its position in Winmark by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 71,451 shares of the specialty retailer’s stock worth $28,092,000 after purchasing an additional 266 shares during the period. Finally, Bessemer Group Inc. boosted its position in Winmark by 4.0% during the first quarter. Bessemer Group Inc. now owns 55,132 shares of the specialty retailer’s stock worth $17,525,000 after purchasing an additional 2,142 shares during the period. 73.32% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Anthony D. Ishaug sold 4,000 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $425.95, for a total value of $1,703,800.00. Following the completion of the sale, the chief financial officer owned 56,683 shares of the company’s stock, valued at approximately $24,144,123.85. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 10.10% of the company’s stock.

Winmark Price Performance

WINA stock opened at $375.26 on Wednesday. The company has a fifty day moving average price of $401.36 and a two-hundred day moving average price of $371.80. Winmark Corporation has a one year low of $295.79 and a one year high of $459.92. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 33.42 and a beta of 0.56.

Winmark (NASDAQ:WINA) last announced its earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.01. The company had revenue of $20.42 million during the quarter, compared to analysts’ expectations of $20.31 million. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%.

Winmark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be given a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.02%. Winmark’s payout ratio is presently 34.19%.

About Winmark

Winmark Corporation, a resale company operates as a franchisor for small business in the United States and Canada. The company franchises retail stores concepts that buy, sell and trade merchandise. It also operates middle-market equipment leasing business. In addition, the company buys and sells used clothing and accessories geared toward the teenage and young adult market under Plato’s Closet brand; and operates stores which buys and sells used and new children’s clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years under the Once Upon A Child brand.